Ann: Meridian Rejection of Samuel Terry Takeover, page-16

So if I am calculating it right then if Sangomar produce 90K/bbls in the first year as Ya stated last week then after 12 months of production FAR could receive $AUD 34M if the price of Brent remains above US $70/bbl for the entire period. If it averages US $65\bbl then that figure falls to AUD $19.8M.

The calculations are;

Production 90K/bbl a day in first 12 months.
FAR's 13.67% share is 12,303\bbl day or 4,490,595\bbl year assuming full production of 365 days
Contingent payment is 45% of FAR's entiltlement production which is 2,020,767\bbl
Multiply the 2,020,767 by the average price above US $58\bbl but capped at US $70\bbl.
Multiply the final figure by 1.4 (70c exchange rate) to get the AUD value.

So if Brent averages US $70\bbl over the first year and production is 90K\bbl day then the arithmetic is;

2,020,767 x US $12 x 1.4 (exchange rate) = AUD $33,948 in late 2024.